BECO vs. GABF
Compare and contrast key facts about BlackRock Future Climate and Sustainable Economy ETF (BECO) and Gabelli Financial Services Opportunities ETF (GABF).
BECO and GABF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BECO is a passively managed fund by Blackrock Financial Management that tracks the performance of the MSCI ACWI Multiple Industries Select Index - Benchmark TR Net. It was launched on Aug 3, 2021. GABF is an actively managed fund by Gabelli. It was launched on May 9, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BECO or GABF.
Key characteristics
| BECO | GABF | |
|---|---|---|
| YTD Return | -0.89% | 28.06% |
| 1Y Return | 3.80% | 46.11% |
| Sharpe Ratio | 0.06 | 2.88 |
| Daily Std Dev | 13.32% | 16.05% |
| Max Drawdown | -32.32% | -17.14% |
| Current Drawdown | -18.81% | -0.59% |
Correlation
The correlation between BECO and GABF is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BECO vs. GABF - Performance Comparison
In the year-to-date period, BECO achieves a -0.89% return, which is significantly lower than GABF's 28.06% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BECO vs. GABF - Expense Ratio Comparison
BECO has a 0.70% expense ratio, which is higher than GABF's 0.10% expense ratio.
Risk-Adjusted Performance
BECO vs. GABF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Future Climate and Sustainable Economy ETF (BECO) and Gabelli Financial Services Opportunities ETF (GABF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
BECO vs. GABF - Dividend Comparison
BECO's dividend yield for the trailing twelve months is around 1.17%, less than GABF's 3.86% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
BECO BlackRock Future Climate and Sustainable Economy ETF | 1.17% | 0.94% | 0.63% | 0.15% |
GABF Gabelli Financial Services Opportunities ETF | 3.86% | 4.95% | 1.31% | 0.00% |
Drawdowns
BECO vs. GABF - Drawdown Comparison
The maximum BECO drawdown since its inception was -32.32%, which is greater than GABF's maximum drawdown of -17.14%. Use the drawdown chart below to compare losses from any high point for BECO and GABF. For additional features, visit the drawdowns tool.
Volatility
BECO vs. GABF - Volatility Comparison
The current volatility for BlackRock Future Climate and Sustainable Economy ETF (BECO) is 0.00%, while Gabelli Financial Services Opportunities ETF (GABF) has a volatility of 4.41%. This indicates that BECO experiences smaller price fluctuations and is considered to be less risky than GABF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.